by Lara | Apr 2, 2020 | Uncategorized |
S&P 500: Elliott Wave and Technical Analysis | Charts – April 2, 2020 A consolidation continues as expected this week. Analysis of bounces within bear markets gives some indication of what to look for to identify a high. Summary: A correction may continue this...
by Lara | Mar 9, 2020 | Uncategorized |
Strong downwards movement has brought price below the point where this pullback was expected to end but very slightly above the invalidation point for the main Elliott wave count. Summary: There is no evidence to suggest the larger bull market is over. Downwards...
by Lara | Feb 12, 2020 | Uncategorized |
A new high above 3,375.63 indicated more upwards movement was expected. The next target remains the same. Summary: The trend is up. The target for the next interruption to the trend is at 3,415. Two more large pullbacks or consolidations (fourth waves) during the next...
by Lara | Jan 18, 2020 | Uncategorized
by Lara | Jan 17, 2020 | Uncategorized |
With price now above the upper edge of a multi-year channel, it is time to review monthly charts. Summary: The next target is at 3,332 and thereafter 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low...
by Lara | Dec 18, 2019 | Uncategorized |
Another very small range day makes a very slight new high but closes red. Price is moving sideways, which is what the Elliott wave count expected for the short term. Summary: The next target is now at 3,238 to 3,240, but this may be too high. About this target a...
by Lara | Nov 26, 2019 | Uncategorized |
The upwards trend continues as the Elliott wave count expects. Members have been advised to expect corrections at this time to be relatively brief and shallow, which is exactly how the market is behaving. Summary: The next target at 3,179 is where minor wave 4 may...
by Lara | Nov 2, 2019 | Uncategorized
by Lara | Nov 2, 2019 | Uncategorized |
New all time highs were expected. This week they have shown up. The Elliott wave count targets are recalculated. Summary: The next target is at 3,179. Overall, expect upwards movement to continue and exhibit some further increase in momentum before a larger pullback...
